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Search Results 0 to 17 of about 18 (some duplicates have been removed)
of failure. >> pelley: if we go over the fiscal cliff, as it's called, what happens to the economy? >> look, if we go over the fiscal cliff, it will be very bad, hugely negative for the stock market, which is a source of people's wealth. people will feel poorer. if we go over for a short period of time and adjust it, we can repair some of those things. but what you won't repair is people's attitudes towards the united states as a responsible debtor. and that's very important. if we show that we're so irresponsible that we can't manage our affairs, people have no recourse but to invest with us today but they're going to work awfully hard to find alternatives very quickly. >> pelley: lloyd blankfein is among the world's most influential bankers, but he rarely does interviews. goldman sachs is the most successful investment bank on wall street with earnings last year of $4.4 billion. washington playing with fire? >> yes. yes. washington is playing with fire, and you don't get-- it's not like a football game where you get the two-minute warning. they don't-- you know, they don't tell you when y
if they resolve the fiscal cliff, higher taxes will mean less spending in the economy and less reasons to invest and hire more people. melissa: i don't even think resolving the fiscal cliff would make that much of a difference because businesses still face uncertainty scare them of making decisis. first it was about obamacare, and they were so upset and didn'tt to spend any money. and then the election, they still didn't want to do anything. resolving the fiscal cliff will not make them feel any better because the resolution will be higher taxes. >> absolutely. and that is where businesses throw out, chamber of commerce, is ask why they are not doing something, it is uncertainty. they ar paid to manage in uncertainty. there's just a lot of nonsense. the economy is not moving along very well. the discussions will not resolve the fundamental problem from exploding entitlements and mammoth increase in spending imposed on america and now want americans to validate, that is why they are not investing. melissa: it is so true. a timed everybody blamed the weather. unseasonably cold or hot. this all mak
, we have a thanksgiving special edition. on the fiscal cliff, those big spending cuts and tax hikes set to hit the u.s. economy on january 1, we examine whether congress and the white house can strike a deal to avoid going off the cliff. so be sure to join on us, we look at the impact of the cliff on jobs, how strategies for investors, and tom talks with mark mobius, the global investing guru. that's "nightly business report" for wednesday, november 21. happy thanksgiving everyone, and hope you have a great holiday too tom. >> tom: goodnight susie, we'll see you online at: www.nbr.com and back here tomorrow night. captioning sponsored by wpbt captioned by media access group at wgbh access.wgbh.org >> join us anytime at nbr.com. there, you'll find full episodes of the program, complete show transcripts and all the market stats. also follows us on our facebook page at bizrpt. and on twitter @bizrpt.
million last year. the report mainly blames the slow economy and concerns over the fiscal cliff. wrr. >> call calder the luckiest turkey in america, after receiving an official poardon from the president. >> we'll be right back. with verizon. hurry in this friday for great deals. like the droid razr by motorola in cranberry, free. or a white 7-inch samsung galaxy tab 2, just $99.99. this friday, get the best deals on the best devices on the best network. exclusively at verizon. [ male announcer ] a european-inspired suspension, but it's not from germany. ♪ a powerful, fuel-efficient engine, but it's not from japan. ♪ it's a car like no other... from a place like nother. introducing the all-w 2013hevrolet malibu, our greatest malibu ever. ♪ of green giant vegetables it's easy to eat like a giant... ♪ and feel like a green giant. ♪ ho ho ho ♪ green giant side by side so you get the same coverage, often for less. that's one smart board. what else does it do, reverse gravity? [ laughs ] [ laughs ] [ whooshing ] telle about it. why am i not going anywhere? you don't believe ha
and concerns over the fiscal cliff. >>> you can call cobbler the luckiest turkey in america after receiving an official pardon from president obama. unlike millions of other turkeys heading for the oven, cobbler is retiring to george washington's former home at mt. vernon. anderson, back to you. >> susan, thanks very much. we'll be right back. [ male announcer ] itchy dry scalp? get selsun blue for itchy dry scalp. strong itch-fighters target scalp itch while 5 moisturizers leave hair healthy. selsun blue. got a clue? get the blue.
't shrunk in the u.s. until now. people talk about the fiscal cliff and problems in the economy. that's a big question, but profits are already shrinking and that looks like a bad risk-reward trade. >> from a trade perspective, which is entirely different, there is an argument on to be made that actually if we get some kind of agreement on fiscal cliff, naturally there would be some kind of bounce. >> i would assume so. but how long it lasts is a different question. even then you'll be tightening fiscal policy. so the best you can hope for is very low growth anyway. and they'll be looking at s&p companies. activity is a lot weaker than it was and that will put pressure on the top line. which is pretty much what you've been seeing from a lot of companies that have been announcing 46- >> so you'll also be underweight emerging stocks, as well. >> we've been underweight emerging stocks since january of last year. and that is mostly ---le valuation question in part, but mostly it's a question of china and slowing chinese growth. so if you look at the performance of industrial commodities a
. the report blames the economy concerns and the reports on the fiscal cliff. >>> and you can call cobbler the most lucky turkey in america, after receiving an official pardon by president obama. like many other turkeys heading for the oven, he is retiring to the mt. vernon home. >> thank you very much, suzanne, we'll be right back. with verizon. hurry in this friday for great deals. like the droid razr by motorola in cranberry, free. or a white 7-inch samsung galaxy tab 2, just $99.99. this friday, get the best deals on the best devices on the best network. exclusively at verizon. but don't just listen to me. listen to these happy progressive customers. i plugged in snapshot, and 30 days later, i was saving big on car insurance. with snapshot, i knew what i could save before i switched to progressive. the better i drive, the more i save. i wish our company had something this cool. you're not filming this, are you? aw! camera shy. snapshot from progressive. test-drive snapshot before you switch. visit progressive.com today.
. and would help prevent us from speeding over that fiscal cliff, which would be a disaster for our economy. >> all right, well, that's it. i think you're rate about that. maine senator, susan collins, can't thank you enough. have a very happy thanksgiving. >> thank you, larry. >> all right. stock markets of course are still obsessed with the fiscal cliff. market did go up today by 48 points on the dow. you know, it is as though nothing else exists. so we're about to talk to a market pro who's going to help you with therapy on this market obsession. speaking of therapy, don't forget, folks, free market capitalism is the best bet to prosperity. this whole fiscal cliff issue is tied up with economic freedom and prosperity. i'm larry kudlow, we'll be right back. [ male announcer ] at scottrade, we believe the more you know, the better you trade. so we have ongoing webinars and interactive learning, plus, in-branch seminars at over 500 locations, where our dedicated support teams help you know more so your money can do more. [ rodger ] at scottrade, seven dollar trades are just the start. our t
did a lot and did not get anywhere. the economy, the fiscal cliff bear, and asia is now a new priority. he has a lot of other priorities. does he really want to do this? unless there is a reason to do this -- in some ways, when you look back, you can say that there is something to be said for the united states sitting back and the parties coming to intervene. this has happened in some ways here. even the israelis who used to think that, you know, with obama intervening, he will put pressure on them. when they are in a bind, as this was the case, and your needs to be some political horizon, or they go into -- cat political benefit out of this. they still need the united states. in some ways the parties themselves will have to learn that if the united states is indispensable. they have got to get involved. the with the actual negotiations that happen now, between israel and hamas, the united states was not a direct party. any reason is that the united states does not have a relationship with hamas. considers a terrorist organization, and that is the party that is the principal fight to p
the failure to reach a fiscal cliff compromise this year would risk the entire economy. the good news, they say, is that congress and the president seem to agree on that. for cbs this morning, wyatt andrews, washington. >> that's an interesting piece. because everybody i know in washington involved in this thing looks at simpson/bowles as the model they should work off of. >> it's interesting to go back where we started two years ago. grab your shorts. >> they've got more support at the time. looking at different circumstance today. there's something that's not on the chopping block in washington. president obama pardoned cobbler and his alternative gobbler in an annual white house tradition. the president said yesterday that life's all about second chances. americans have been giving holiday turkeys to the white house since the 1800s. president eisenhower and president lyndon johnson ate the turkeys they were given. >> what are their names? >> cobbler and gobbler. >> cobbler and gobbler. okay. >>> hundreds of families in the chicago are getting turkey this thanksgiv
over the fiscal cliff, car sales could plunge 20%. a huge hit on the auto industry as well as the overall economy. >>> organizers of a thanksgiving dinner say they are in need of more donations. david stevenson is live in the city where it's already heating up there. >> reporter: the volunteers the started showing up at glide, and they are already getting down to business. this is the bread locker where folks are preparing hundreds of loads of bread that they will be serving tomorrow. further down, you can see some of the preparations tonight for the 5- to 6,000 thanksgiving meals they will cook for tomorrow. glide has been doing this for 29 years. the hungry will come to the church basement here tomorrow starting at 7 a.m. despite the piles of food you see here, organizers say donations are still well below pre-recession levels. >> donations are still down. we have been getting turkeys and all of a sudden we're getting turkeys from everywhere, which is great but still not enough for all the meals we have to serve throughout the holidays. it's been tight. >> reporter: and y
're going to go back to the fiscal cliff discussion over and over again. unless we can get our economy moving in the long run, these budget problems are going to occur over and over again. we identified eight areas where we find a broad consensus where we believe these things would move tt
efforts to prevent the u.s. economy from falling off the fiscal cliff coming up next. one gop senator's proposal to rein in all of that spending and the likelihood of congress actually adopting his plan. ainsley: plus, a thanksgiving parade is underway in new york. we will have more on the sights and sounds straight ahead. going down sixth avenue. [ female announcer ] the power to become a better investor has gone mobile. with features like scanning a barcode to get detailed stock quotes to voice recognition. e-trade leads the way in wherever, whenever investing. download the ultimate in mobile investing apps, free, at e-trade. gregg: well, thanksgiving is certainly a time to count our blessings and to help those less fortunate. but in the future tax changes could hurt those who do the most to help people in real need. jim angle joins us now live in washington. jim, you've been looking into this. what are charities really worried about ear? >> reporter: well, gregg, both the president's plan to raise taxes on the wealthy and the republican willingness to raise revenues by limiting ded
. >> this could go either way this season. >> you combine the holiday spending with the fiscal cliff. is there a chance that if we get this $586 billion or whatever is expected to come in, that it has a lasting effect on the economy? >> you know, i think -- i would like to say yes. and given holiday -- looking at last year, we saw about 600,000 jobs added for the holiday. about that number is expected this year as well. jobs are good for the economy. spending is good for the economy. but whether we can maintain that, whether a deal can be reached on that cliff remains to be seen. we could see of the u.s. fall into recession. hopefully that won't be the case. hopefully, you know, a deal will be reached and we can move forward. >> that's probably the most pressing issue right now. morgan, thank you for bringing us up to date on the retail angle. >>> coming up, health care hang-ups, as major ceos try to circumvent the president's health care law. and who will run in 2016. contenders are already jockeying for position. we want to know what you're thankful for this thanksgiving, so send u
to this. rick: how optimistic are you, steve, on the chances of a deal on the fiscal cliff, and if there is a deal, what could that mean for the economy as a whole? >> well, you know, i think at the optimal outcome is not to raise taxes on anybody. i do think that if the president has his way and those taxes go up on investors and businesses, it's hard to see where the jobs are going to come from next year. as you know, we still have over 20 million people without a full-time job. so i think getting around this crisis in a way where everybody agrees not to raise taxes on anybody, we go into 2013, maybe that could be the year. and, boy, what a great christmas present this would be, if we actually throw out the tax system and start over. i mean, this is my, this is my new year's wish, that we could junk this tax system, get something that's pro-growth, that creates jobs for every american who wants a job. rick: so on a scale of 1-10, how optimistic are you that we're going to yet a deal like that in. >> oh, i think we will get a deal. it could take a while. you and i could be
Search Results 0 to 17 of about 18 (some duplicates have been removed)

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